July 15, 2024 - The Union Cabinet has approved the Mobile Phone Manufacturing Scheme (MPMS) at a budget outlay of Rs 62,500 crore in India. This move will eventually replace the existing 5-year PLI scheme for Large Scale Electronics Manufacturing (PLI-LSEM) by March 31, 2026. The MPMS, to be implemented from FY2026-27 to FY2030-31, provides …